SEC Announces Panelists, Agenda for August 4 Roundtable on Performance of IFRS, U.S. GAAP During Subprime Crisis

FOR IMMEDIATE RELEASE
2008-165

Washington, D.C., Aug. 1, 2008 — The Securities and Exchange Commission today announced the panelists and agenda for its August 4 roundtable concerning the performance of International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (U.S. GAAP) during the recent period of market turmoil.

SEC Chairman Christopher Cox will begin the roundtable with opening remarks at 1 p.m. ET, followed by brief introductory comments about IFRS by John Smith, a Board Member of the International Accounting Standards Board.

The roundtable will be organized as two panels. Expected panelists include investors, issuers, auditors, and others with experience in considering or evaluating company financial statements that are prepared in accordance with IFRS or U.S. GAAP during these current times.

In addition, the following individuals are scheduled to participate in both panel discussions as observers:

Leslie Seidman, Financial Accounting Standards Board

John Smith, International Accounting Standards Board

The roundtable will take place until approximately 5 p.m. ET at the SEC's headquarters, 100 F Street N.E., Washington, D.C. The roundtable will be open to the public with seating on a first-come, first-serve basis. Doors will open at 12:30 p.m. ET. Visitors will be subject to security checks.

Real-time audio and video webcasts as well as materials related to the roundtable will be available on the SEC Web site at www.sec.gov.

For additional information, please contact John Heine in the SEC's Office of Public Affairs at 202-551-4120.